Author: Wayne Heilman Special to the Gazette
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Las Vegas-based Allegiant Air halting flights to Colorado Springs
Citing lack of demand, Las Vegas-based low-fare carrier Allegiant Air will halt service April 29 to Colorado Springs after 16 years, becoming the second airline to leave the city in the past six months. Allegiant operates round-trip flights on Friday and Sunday to Las Vegas, competing with daily service from Denver-based Frontier Airlines. The airline…
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Colorado Springs information technology firm acquires Virginia software company
Colorado Springs information technology company Xtivia Inc. has acquired a Virginia-based enterprise resource planning and financial management software provider in a deal expected to boost revenues and draw new customers. Pleasant Valley Business Solutions, based in Reston, Va., touts itself as “the premier and leading Microsoft partner for government contractors,” with products adapting Microsoft’s Dynamics…
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Colorado Springs defense contractor wins key contract extension
Vectrus Inc. has been awarded a nine-month extension of its $385.1 million support services contract for Kuwait base operations, the company said in a Securities and Exchange Commission filing. The Colorado Springs-based defense contractor had anticipated the award, which is designed to bridge the Department of Defense from that contract until the work is incorporated…
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Colorado Springs bus operator joins other firms offering rides to Pikes Peak summit
In the wake of the Pikes Peak Cog Railway shutdown, tour bus operator Gray Line plans to begin daily round-trip shuttles to the summit of Pikes Peak on April 15 with 14-passenger vans and 21- and 29-passenger shuttle buses. The railway, a premier tourist attraction that has shuttled generations of visitors on breathtaking, 8.9-mile trips…
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Colorado Springs hotels fill up in February thanks to mild weather
Mild winter weather helped the Colorado Springs hotel industry stay on a roll in February, according to the Rocky Mountain Lodging Report. Last month’s 57.9 percent occupancy rate for local hotels was up from 55.4 percent during the same month a year ago and is the highest for any February since 60.2 percent in 2003.…
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Colorado Springs area unemployment rate declines to 3.5 percent in January
The Colorado Springs area’s unemployment rate fell in January for the first time since August, even as the number of people entering or returning to the job market continued to climb, the U.S. Bureau of Labor Statistics reported Friday. The January jobless rate fell to 3.5 percent from 3.6 percent in December but was up…
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Colorado Springs sales tax collections continue gains into 2018
Colorado Springs consumers continued to spend in January, fueling the biggest monthly gain since June, according to a report from the city’s Finance Department. Collections of the city’s 2 percent sales tax in February, which reflects sales made in January, rose 6.2 percent from February 2017 to $11.8 million. Back-to-back gains in December and January…
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Colorado Springs gold producer adds to Nevada mining operation
Gold Resource Corp. announced Monday that it has purchased another 1,060 acres near its planned mining operation in Nevada for $300,000 from a Canadian mining company. The deal, which includes a royalty payment to the seller, expands the Nevada mining operation of the Colorado Springs-based gold producer to nearly 30,000 acres.
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Colorado Springs man indicted in securities fraud in Cripple Creek mine deal
The owner of a Cripple Creek mine has been indicted on five counts of securities fraud by the Colorado Statewide Grand Jury, accused of soliciting $6 million from at least 55 Front Range investors for three companies he owns. Shannon P. Murphy, 59, was indicted Jan. 12 for allegedly telling investors that money they pumped…
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Colorado Springs-area job growth slows slightly in 2017
Job growth in the Colorado Springs area slowed slightly for the second consecutive year, but it remained well above the state average and is the highest over the past three years since the late 1990s, say revised data released Monday by the U.S. Bureau of Labor Statistics. Employers added more than 7,800 jobs last year,…